Esterline Technologies Rises on Q1 Results
Shares of Esterline Technologies (NYSE: ESL) are trading higher in the after-hours following the release of the company's Q1 earnings results. Currently, shares are bid $64.60, at $65.80; they ended the regular session lower by 1.19%, at $64.18.
Esterline Technologies reported Q1 EPS of $0.73 on revenues of $470.9 million. Revenues increased 27% year over year.
Brad Lawrence, Esterline's Chief Executive Officer, said he was "...pleased with the solid first quarter performance and the relatively fast start to the year."
Lawrence said that Esterline saw good growth in its commercial aerospace business, particularly from its Engineered Materials platform, and "...saw pockets of strength in certain defense-oriented businesses, despite the tough environment."
The company raised full year guidance to $5.10-5.40 per share.
Esterline Technologies Corporation is a manufacturing company serving aerospace and defense customers.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.